Adoboli Kweku, the trader UBS has lost $ 2 billion of UBS (£ 1.3 billion) for unauthorized transactions, appeared before a London court charged with fraud and false accounting.
He was remanded in custody until the expulsion hearing, September 22.
According to the fraud charges were held between January and September this year.
UBS is expected to provide details of the negotiations, Mr. Adoboli Monday morning.
The charges say Mr. Adoboli presented false accounts between October 2008 and December 2009 and January-September 2011.
The 31-year-old, worked for UBS in the global equities division of synthesis, buying and selling exchange-traded funds, which follow different types of stocks or commodities such as precious metals.
He was remanded in custody until the expulsion hearing, September 22.
According to the fraud charges were held between January and September this year.
UBS is expected to provide details of the negotiations, Mr. Adoboli Monday morning.
The charges say Mr. Adoboli presented false accounts between October 2008 and December 2009 and January-September 2011.
The 31-year-old, worked for UBS in the global equities division of synthesis, buying and selling exchange-traded funds, which follow different types of stocks or commodities such as precious metals.
Prosecutors say Mr. Adoboli "dishonestly abused that position and will make a profit for yourself, which causes the loss of UBS or UBS exposure to risk of loss."
Political pressure
BBC business editor Robert pesto, says that Mr. Adoboli worked on back-office, before becoming a merchant, who could explain how he managed to keep her secret name.
"This is an indication that it may have been almost impossible to find Mr. Adoboli UBS trafficking at an early stage, is expected to strengthen the political pressure in Switzerland, UBS has been promised by an investment bank," says our matching.
Financial Services Authority (FSA), the City regulator, will examine why the Swiss bank does not identify the traffic.
City of London Police said in a statement that its "investigation is ongoing and officers continue to work closely with the FSA (Financial Services Authority), SFO (Serious Fraud Office) and CPS (Crown Prosecution Service)."
Previously, it was clear that UBS has received the unauthorized trades after being informed of Mr. Adoboli.
"The revelation that was the decision of Mr. Adoboli inform their colleagues of their actions to the warning signs of UBS, instead of its own surveillance system, will add to fears that investment banks are not simply able to control the enormous risks to their businesses, "said Robert Peston.
Mr. Adoboli taken at the law firm Kingsley Napley, who also represented Nick Leeson, the rogue trader who brought down Barings Bank.
According to reports, he is the son of a former United Nations staff in Ghana, and attended school and university in Britain.
"Many more risky"
Moody's rating agency said it is reviewing the ratings of UBS, with a focus on "the continuing weakness" in risk management at Swiss bank.
Another agency, Standard & Poor's, suggested it was considering reducing the bank rated A +.
UBS loses £ 35 billion banking crisis of 2007-8, and lived in Switzerland for tax payers.
Moody said that although UBS was financially strong enough to absorb the loss, he was concerned about his risk management.
"We continued to express concern about the ability of management to develop a strong culture of risk and control framework," the agency said.
Job losses
Last month, the bank announced 3,500 job cuts. Of the 65 000 employees worldwide, about 6,000 are in Britain, with most of the activities of UBS Investment Banking are based in London and New York.
It was reported that further loss of investment banking will lead to a major restructuring of the company, with thousands of jobs, which will be announced in November.
"We believe that yesterday's events could have consequences for employees in senior management, which in turn could lead to changes in the 'business portfolio' UBS, Sai
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